Civic Intelligence

National Foundation for Affordable Housing Solutions Inc.

990 • Fiscal year 2017 • EIN 52-1665967

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 16, 2018

11810 Grand Park Avenue Suite 600North Bethesda, MD 20852

(301) 998-0400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.19x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

1.60x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

97th percentile

75%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

26th percentile

$296,250

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

88th percentile

21%

Faster asset growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-20%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$211,310,459

Up $37,232,255 (+21%) from 2016

Net Assets

Up

$172,027,389

Up $22,735,748 (+15%) from 2016

Liabilities

Up

$39,283,070

Up $14,496,507 (+58%) from 2016

Revenue

Down

$24,574,344

Down $6,203,082 (-20%) from 2016

Expenses

Down

$6,260,896

Down $729,449 (-10%) from 2016

Net Income

Down

$18,313,448

Down $5,473,633 (-23%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $60,802,868Liabilities 2010: $4,858,463Net Assets 2010: $55,944,4052010Assets 2011: $72,394,496Liabilities 2011: $5,877,165Net Assets 2011: $66,517,3312011Assets 2012: $83,165,257Liabilities 2012: $1,704,482Net Assets 2012: $81,460,7752012Assets 2013: $92,350,744Liabilities 2013: $9,227,927Net Assets 2013: $83,122,8172013Assets 2014: $122,522,983Liabilities 2014: $26,561,632Net Assets 2014: $95,961,3512014Assets 2015: $145,105,512Liabilities 2015: $22,303,178Net Assets 2015: $122,802,3342015Assets 2016: $174,078,204Liabilities 2016: $24,786,563Net Assets 2016: $149,291,6412016Assets 2017: $211,310,459Liabilities 2017: $39,283,070Net Assets 2017: $172,027,3892017Assets 2018: $180,353,578Liabilities 2018: $61,025,330Net Assets 2018: $119,328,2482018Assets 2019: $196,229,771Liabilities 2019: $60,050,140Net Assets 2019: $136,179,6312019Assets 2020: $241,916,741Liabilities 2020: $101,916,035Net Assets 2020: $140,000,7062020Assets 2021: $263,616,606Liabilities 2021: $81,366,888Net Assets 2021: $182,249,7182021Assets 2022: $310,474,052Liabilities 2022: $69,543,278Net Assets 2022: $240,930,7742022Assets 2023: $272,168,973Liabilities 2023: $3,042,213Net Assets 2023: $269,126,7602023Assets 2024: $274,835,724Liabilities 2024: $3,042,213Net Assets 2024: $271,793,5112024

Highlighted filing

2017

Assets$211,310,459
Liabilities$39,283,070
Net Assets$172,027,389

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2010: $41,888,969Expenses 2010: $3,792,975Net Income 2010: $38,095,9942010Expenses 2011: $3,504,1592011Expenses 2012: $3,723,6192012Revenue 2013: $4,359,311Expenses 2013: $4,480,148Net Income 2013: -$120,8372013Revenue 2014: $15,700,292Expenses 2014: $7,706,308Net Income 2014: $7,993,9842014Revenue 2015: $30,170,747Expenses 2015: $8,183,859Net Income 2015: $21,986,8882015Revenue 2016: $30,777,426Expenses 2016: $6,990,345Net Income 2016: $23,787,0812016Revenue 2017: $24,574,344Expenses 2017: $6,260,896Net Income 2017: $18,313,4482017Revenue 2018: $19,640,053Expenses 2018: $24,672,577Net Income 2018: -$5,032,5242018Revenue 2019: $35,625,095Expenses 2019: $18,773,712Net Income 2019: $16,851,3832019Revenue 2020: $19,403,648Expenses 2020: $15,582,573Net Income 2020: $3,821,0752020Revenue 2021: $53,198,670Expenses 2021: $10,949,658Net Income 2021: $42,249,0122021Revenue 2022: $72,340,809Expenses 2022: $13,659,753Net Income 2022: $58,681,0562022Revenue 2023: $39,815,929Expenses 2023: $11,619,943Net Income 2023: $28,195,9862023Revenue 2024: $8,352,404Expenses 2024: $5,685,653Net Income 2024: $2,666,7512024

Highlighted filing

2017

Revenue$24,574,344
Expenses$6,260,896
Net Income$18,313,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 16, 2018
Return Version
2017v2.3
Gross Receipts
$24,574,344
Mission and Program Overview

Mission

The foundation is dedicated to preserving the nation's existing assisted rental housing stock and is committed to providing the underserved population with solutions and better access to decent, safe and well-managed affordable housing and community programs and services.

The foundation is dedicated to preserving the nations existing assisted rental housing stock and is committed to providing underserved population with solutions and access to housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related-$59,415,529-
Other Notes and Loans Receivable, Net$46,216,865$41,466,225▼ $4,750,640
Cash and Non-Interest-Bearing Accounts$31,500,797$21,781,855▼ $9,718,942
Accounts Receivable$9,571,763$11,014,987▲ $1,443,224
Land, Buildings, and Equipment, Net$1,269,356$1,197,247▼ $72,109
Total Assets$174,078,204$211,310,459▲ $37,232,255
Other Assets Total$85,519,423$76,434,616▼ $9,084,807
Liabilities
Unsecured Notes Loans Payable$8,864,517$20,426,375▲ $11,561,858
Accounts Payable and Accrued Expenses$10,715,346$11,532,388▲ $817,042
Deferred Revenue$5,206,700$7,324,307▲ $2,117,607
Total Liabilities$24,786,563$39,283,070▲ $14,496,507
Net Assets / Fund Balance
Unrestricted Net Assets$144,857,894$167,593,642▲ $22,735,748
Temporarily Rstr Net Assets$4,433,747$4,433,747→ $0
Total Net Assets Fund Balance$149,291,641$172,027,389▲ $22,735,748
Total Liabilities and Net Assets / Fund Balance$174,078,204$211,310,459▲ $37,232,255

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,166,115$483,812$1,649,927
Equipment$31,132$220,629$251,761
Investment Program Related Org$59,415,529--
Other Assets Org$65,004,818--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd TravisPresident and CEOFT$296,250$296,250
Janet CharltonVice PresidentFT$245,000$245,000
Randall KellyVP and General CounselFT$205,625$205,625

Board Members and Trustees

NameTitle
Michael MurphyVice President
Benjamin M SotoDirector
Bernard BealDirector
GREGORY O'DELLDirector
Jason GoldblattDirector
Jon ShiffmanDirector
Mar WellerDirector
Re Msgr William J LinderDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Federal Realty Investment TrustInvestmentPO BOX 8500, Philadelphia, PA 19178$267,094
Green Wall Group LLCTechnical Advisory128 SCHOOL STREET, Walpole, MA 02081$180,000
Kaas Wilson ArchitectsArchitecture1301 AMERICAN BLD EAST, Bloomington, MN 55425$165,545
Gersch Real Estate LLCReal Estate Advisory730 EUDORA STREET, Denver, CO 80220$125,419
Emg SolutionsConsulting6514 MARLBORO PIKE, Forestville, MD 20753$120,030
Revenue and Support

Revenue Composition

Contributions and Grants
$6,396,110
Program Service Revenue
$15,014,062
Investment Income
$3,164,172
Other Revenue
$0
All Other Contributions
$6,396,110
Change in Net Assets
$18,313,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,188,542
Other Expenses$2,602,654
Grants and Similar Amounts Paid$469,700
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,466,409--$2,466,409
Other Employee Benefits$564,425--$564,425
Interest$485,469--$485,469
Grants to Domestic Orgs$469,700--$469,700
Other Expenses$338,122$218,424-$218,424
Office Expenses$181,237--$181,237
Payroll Taxes$157,708--$157,708
Depreciation Depletion$148,975--$148,975
Fees for Services Legal-$136,614-$136,614
Fees for Services Accounting-$102,644-$102,644
Conferences and Meetings-$28,274-$28,274
All Other Expenses$1,445--$1,445
Total Functional Expenses$5,774,940$485,956$0$6,260,896
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Justin J Watt FoundationPewaukee, WI-Houston Flood Relief for Hurricane Harvey$250,000
Elizabeth Glaser Pediatric Aids FoundationBoston, MA-Prevention of Mother-to-child Transmission, Care and Treatment of Pediatric Hiv, Research, Advocacy$60,000
Casey Cares Foundation IncBaltimore, MD501(c)(3)Assisting Critically Ill Children and Families$37,000
Lab Learning Ventures IncLos Angeles, CA501(c)(3)To Disrupt Generational Poverty Through After-school Education and Enrichment Programming$25,000
Fight for Children IncWashington, DC501(c)(3)Providing At-risk Children Access to High Quality Youth Sports Opportunities$24,000
Alameda Health System FoundationOakland, CA501(c)(3)Healthcare$10,000
Arlington Partnership for Affordable HousingArlington, VA501(c)(3)Affordable Housing Assistance$10,000
Duke UniversityDurham, NC501(c)(3)Education$10,000
Eagle Bank Foundation Co Gold ClassicBethesda, MD501(c)(3)Breast Cancer Research$10,000
La Conservation CorpsLos Angeles, CA501(c)(3)Habitat Restoration Projects$10,000
Maccabi Usasports for IsraelPhiladelphia, PA501(c)(3)Enriching Jewish Lives Through Athletic, Cultural, and Educational Programs$10,000
Rehoboth Baptist ChurchWashington, DC501(c)(3)Youth Mentorship, Choir Robes for the Church$7,500
Urban Land InstituteBoston, MA501(c)(3)To Provide Leadership in the Responsible Use of Land and Creating/sustaining Communities Worldwide$5,000
Loma Linda University HealthLoma Linda, CA-Healthcare$500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Prior to filing, the 990 is vetted by members of the executive committee, and third party legal and accounting personnel. Final approval is then given by the chairman of the board after his review.

Form 990, Part VI, Section B, Line 12C

An affirmative signed statement of no conflicts is required, and where applicable, a written disclosure of any known conflicts is required. Conflicts are disclosed and board members are recused, as needed, on a transactional basis.

Form 990, Part VI, Section B, Line 15

The compensation committee reviews and makes decisions with a third party compensation report.

Form 990, Part VI, Section C, Line 19

The organization's governing documents are available during normal business hours upon request.

Part VI, Section B, Line 12C

An affirmative signed statement of no conflicts is required and, where applicable, a written disclosure of any know conflict is required. Conflicts are disclosed and board members are rucused, as needed, on a transactional basis.

Part VI, Section B, Line 15B

The compensation committee reviews and makes decisitions with a benefit of a third party compensation report.

Part VI, Section C, Question 19

The organization's governing documents are available during normal business hours upon request.

Part VI, Section B, Question 11A

Prior to filing the 990 is vetted by members of the executive committee, and third party legal and acounting personal. Final approval is then gived by the chairman of the board his review.

Filing and Contact Details

Filer

Filer Name
National Foundation for
EIN
52-1665967
Phone
3019980400
Address
11810 GRAND PARK AVENUE SUITE 600, NORTH BETHESDA, MD 20852

Signing Officer

Name
Todd Travis
Title
Managing Member
Phone
3019980400
Signed
2018-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Schwartzberg
Formed
1990
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
22
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
Ed Ryan CPA
Phone
3016529100
Supplemental Narrative

Additional Explanations

Part XI, Line 9

Other changes in net assets or fund balances - distributions from wholly-owned subsidiaries of foundation: $3,751,518.

Financial Statement Notes

Fin 48 Disclosure

Income taxes the foundation has applied for and received a determination the foundation has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended december 31, 2017. Due to its tax exempt status, the foundation is not subject to income taxes. The foundation is required to file and does file tax returns with the irs and other taxing authorities. None of the subsidiary entities had unrelated business income for the year ended december 31, 2017. Accordingly, these financial statements do not reflect a provision for income taxes and the foundation has no other tax positions which must be considered for disclosure. Income tax returns filed by the foundation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2014 remain open.

Raw XML AppendixShowing 400 of 957 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE FOUNDATION IS DEDICATED TO PRESERVING THE NATIONS EXISTING ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO PROVIDING UNDERSERVED POPULATION WITH SOLUTIONS AND ACCESS TO HOUSING.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7296250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8205625
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9245000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10107300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP AND GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt03164172
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0469700
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0469700
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03164172
IRS990/GrossReceiptsAmt024574344
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0485469
IRS990/InterestGrp/TotalAmt0485469
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt059415529
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0704441
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01269356
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01197247
IRS990/LandBldgEquipCostOrOtherBssAmt01901688
IRS990/LegalDomicileStateCd0DC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION IS DEDICATED TO PRESERVING THE NATION'S EXISTING ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO PROVIDING THE UNDERSERVED POPULATION WITH SOLUTIONS AND BETTER ACCESS TO DECENT, SAFE AND WELL-MANAGED AFFORDABLE HOUSING AND COMMUNITY PROGRAMS AND SERVICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0149291641
IRS990/NetAssetsOrFundBalancesEOYAmt0172027389
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt03164172
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03164172
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0181237
IRS990/OfficeExpensesGrp/TotalAmt0181237
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt085519423
IRS990/OtherAssetsTotalGrp/EOYAmt076434616
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0564425
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0564425
IRS990/OtherExpensesGrp/Desc0CONSULTING EXPENSE
IRS990/OtherExpensesGrp/Desc1OFFICE RENT EXPENSE
IRS990/OtherExpensesGrp/Desc2NON-REIMBURSABLE COSTS
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0218424
IRS990/OtherExpensesGrp/ProgramServicesAmt0620851
IRS990/OtherExpensesGrp/ProgramServicesAmt1340599
IRS990/OtherExpensesGrp/ProgramServicesAmt2338122
IRS990/OtherExpensesGrp/TotalAmt0620851
IRS990/OtherExpensesGrp/TotalAmt1340599
IRS990/OtherExpensesGrp/TotalAmt2338122
IRS990/OtherExpensesGrp/TotalAmt3218424
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02466409
IRS990/OtherSalariesAndWagesGrp/TotalAmt02466409
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt046216865
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt041466225
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0157708
IRS990/PayrollTaxesGrp/TotalAmt0157708
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARTIN SCHWARTZBERG
IRS990/PriorPeriodAdjustmentsAmt04422300
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2INTEREST NOTE RECEIVABLE
IRS990/ProgramServiceRevenueGrp/Desc3OTHER INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08369072
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14252137
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22075799
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3317054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08369072
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14252137
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22075799
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3317054
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt020983916
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0272505
IRS990/PYInvestmentIncomeAmt029460
IRS990/PYOtherExpensesAmt02069871
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt09764050
IRS990/PYRevenuesLessExpensesAmt023787081
IRS990/PYSalariesCompEmpBnftPaidAmt04647969
IRS990/PYTotalExpensesAmt06990345
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt030777426
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt018313448
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt011740575
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt06396110
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt020983916
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt012735906
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03922361
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02111978
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt046150271
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt034158
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt029460
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt032424
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt032096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09469
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0137607
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05310307
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt09764050
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt017412417
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt011746032
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03680067
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt047912873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt034158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt029460
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt032424
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt032096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09469
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0137607
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal509Amt094063144
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt011706417
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt030747966
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt030148323
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt015668393
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05792045
IRS990ScheduleA/Total509Grp/TotalAmt094063144
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt011740575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt030777426
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt030180747
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt015700489
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05801514
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt094200751
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt031132
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0220629
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0251761
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt059415529
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01166115
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0483812
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01649927
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt051128
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17916829
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23461841
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt365004818
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACQUISITION FEE (NET OF AMORT)
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER RECEIVABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES THE FOUNDATION HAS APPLIED FOR AND RECEIVED A DETERMINATION THE FOUNDATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2017. DUE TO ITS TAX EXEMPT STATUS, THE FOUNDATION IS NOT SUBJECT TO INCOME TAXES. THE FOUNDATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. NONE OF THE SUBSIDIARY ENTITIES HAD UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2017. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE FOUNDATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2014 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48 DISCLOSURE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01197247
IRS990ScheduleD/TotalBookValueOtherAssetsAmt076434616
IRS990ScheduleD/TotalBookValueProgramRltdAmt059415529
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt17500
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt510000
IRS990ScheduleI/RecipientTable/CashGrantAmt625000
IRS990ScheduleI/RecipientTable/CashGrantAmt710000
IRS990ScheduleI/RecipientTable/CashGrantAmt837000
IRS990ScheduleI/RecipientTable/CashGrantAmt924000

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$275$3.04$272$8.35$5.69$2.67
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$272$3.04$269$39.8$11.6$28.2
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$310$69.5$241$72.3$13.7$58.7
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$264$81.4$182$53.2$10.9$42.2
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$242$102$140$19.4$15.6$3.82
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$196$60.1$136$35.6$18.8$16.9
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$180$61.0$119$19.6$24.7$5.03
2017Detailed filing. Detailed filing data is available for this year.$211$39.3$172$24.6$6.26$18.3
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$174$24.8$149$30.8$6.99$23.8
2015Detailed filing. Detailed filing data is available for this year.$145$22.3$123$30.2$8.18$22.0
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$26.6$96.0$15.7$7.71$7.99
2013Detailed filing. Detailed filing data is available for this year.$92.4$9.23$83.1$4.36$4.48$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.2$1.70$81.5$3.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.4$5.88$66.5$3.50
2010Summary only. Only limited summary data is available for this year.$60.8$4.86$55.9$41.9$3.79$38.1